Basanti Devi & 5 entrepreneurs, Targa Basti
Loan issued $0.00
Funds issued $0.00


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About Basanti Devi & 5 entrepreneurs, Targa Basti

Basanti Devi is 25 years old and married. Her husband is a peddler of bangles and other cosmetics products. He does this business on a bicycle. She will take the micro loan and give it to her husband to expand this business as she is totally dependent on her husband. The loan will be a big help because they wish for personal progress and progress for their families. She has one daughter and two sons who go to school. Her monthly income is Rs. 2000/-(USD44). Basanti Devi is the group leader who organizes monthly meetings and ensures that all repayments are made on time. Rupa Devi is sitting first from the left at the front row in the group photo. She is 50 years old and married. She runs a small saloon with her husband. She wants to expand her business and buy some equipment for this business and hence applied for micro loan. She has one son who attends to school. She also wants to save something for the future requirements to deal with the emergencies. Her monthly income is Rs2000/-(USD44). Josna Devi is sitting first from the right at front row of the group photo. She is 23 years old and married lady. She has bangles business. Her husband is a peddler of bangles and some other cosmetics products. She wants to expand her business and invest in her business as she is getting more customers than before and so she has applied for a micro loan. She wants to serve her customers and increase her income by this way. She has three daughters who go to school and her monthly income is Rs 2000/-(USD44). Manju Devi is sitting first from the right at back row in the group photo. She is 30 years old and married. She has bricks business. Her husband also helps her in this business. She makes bricks and supplies them to the market. She has got a lots of orders from the market and she does not have enough money to complete it and thus in order to fulfill the growing demand from her customers and earn more she has applied for a micro loan. She has two daughters and one son who are going to school. Her monthly income is Rs2000/-(USD44). Fhoolmani Devi is sitting in the middle of the back row in the group photo. She is 26 years old and a married lady. She does peddling of bangles and some cosmetics products with her husband. She is doing this business from the last three years. She has earned a good name in her locality and for this reason her customers are also increasing day by day. In order to expand her business she has applied for a micro loan. She has five members in her family including one daughter and two sons who go to school. Her monthly income is Rs2000/-(USD44). Sita Devi is sitting first from the left at back row in the group photo. She is 40 years old and married. She runs a saloon with her husband. She wants to expand her business and also wants to decorate her saloon and turn it to a parlor as her customers are increasing and demanding to do this for the good service from her husband and to do this she has applied for micro loan. She has three sons who are attending school. Her monthly income is Rs2000/-(USD44). These entrepreneurs are very dedicated and want to do good for themselves and their families. They understand the concept of Joint Liability Group. In case any member is unable to repay the micro loan, they will pay on the behalf of the member whose loan is delinquent. The entrepreneurs in the group support each other through the joint liability concept. Note: In the entrepreneur names you may find that several last names are repeated e.g. Devi, Bibi, Kumari. These are not last names as commonly understood but respectful ways of addressing ladies in certain parts of India


Partner MFI
Name: Ajiwika Society Ownership: Non-profit
Year Founded: 2006 Credit Risk Rating: Beta Plus
Partner Since: 2009 Rating Agency: M-Cril
Interest Rate: 24.0 % Delinquency Rate: 2.67 %
Target Clients: Poor, Ultra poor Default Rate: 0.0 %
Progress Report
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Funders to this entrepreneur

Sverre Skimmeland
Dr. J - magician
Vitor
The Imran Family
Geoff
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mikecosta3
Andreas
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David
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Judy
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Pooja Srivatsa
John
FairSpirit
Helle
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Anonymous
 
 
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